Rule 109:1-5-20 | Separate accounts.
(A) Licensed e-bingo organization shall keep all proceeds from the sale of electronic instant bingo in a checking account devoted exclusively to the organization's electronic instant bingo activities. The checking account shall be with a financial institution with a physical presence and licensed to do business in Ohio.
(B) The licensed e-bingo organization shall make all required charitable distributions directly from the checking account devoted exclusively to electronic instant bingo into an account at an Ohio bank which shall be in the name of the charitable organization with which the organization conducting electronic instant bingo has contracted. The contracted charity's bank account shall be with a financial institution with a physical presence and licensed to do business in Ohio.
(C) The licensed e-bingo organization shall have sole and exclusive control of all withdrawals from the checking account referenced in paragraph (A) of this rule. No distributor, manufacturer, contracted charity, or any other third party shall be given the authority to initiate withdrawals of any deposited funds from the account.
Last updated December 23, 2021 at 5:40 AM
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